Which one of these is a better trade now as they're at about the same price level?
LF probably is a little safer with a base at $2 considering the cash position at hand even though their business has deteriorated considerably.
In a way Citi is right as this stock is only getting boosted by day traders unless the company comes out and clarify the financial situation to the positive side and news that they're able to retrieve some part of client losses. Otherwise long term this is heading down and you may get lucky here and there for a bounce but...
Well it's closer to $2 now premarket so you may like it even more if it opens at a buck below your target.
Why I'd be very scared if I was short. Stock up $19 and down 19 cents with the downgrade news lol. Not to mention the $65 pop yesterday. If this stays above $420 tomorrow shorts will be on the edge next week.
Yeah if the term was give us the $ when we really need it but no they will be paying interest along with other rules imposed so they don't get this assurance for free.
Well anyone buying at this level just because it has come down from $306 deserves to lose $ given the fact that the Icahn rumor has essentially been squashed so some are still hanging on false hopes here.
Yeah right. Too many dreamers here since the rumor has already been denied so this should work itself toward 52 week low soon again.
Just people buying at the high slowly giving it up now. This should be at even or lower before the end of the day.
Lol I wouldn't be looking at this stock if I have 1.5 million in my account let alone put it all in this one.
I placed 10 $300 put at $1.3 and hoping it would get filled when this run past $305 but premium was high and went only as low as $2 on it. Not sure why this dropped nearly $10 in a span of few minutes?
Lol and I wished I'd stuck to my plan with 10K at $1.28 premarket but cancelled that and bought a bit too high to make big $ like last Friday when I tripled this. Anyways a gain is a gain and congrats to longs that stuck with it and made profit.
So what's in it for Leucadia? You said this game played many times so they're just forking out 300 million just to see history repeat itself?
Given the taxing nature of the loan refinancing under better terms would be nice. The question is if there's a penalty for early payoff and who's willing to give them the loan?
So they let this trade a bit Friday premarket and goes down 90% then announces the halt? Then they announce the rescue deal without full detail to let this go after market to $5? After that they announce the full detail and this crashes down back to $1? There must be some insider trading going on the way they timed these announcements.
They may have no debt prior to the 225 million in client losses, but their cash do not cover this so they are in fact in debt. No?
How does that help FXCM if the frank goes down now/? They've already taken the losses and it's not like they kept the client positions for recovery which would be great risk if the franc rises even more.
Heck anyone would do with "hit it big or have small losses". But it's either $2+ or under $1 soon so it's no small losses.